Tag: Podcast

Visit the full post to hear the Podcast! As stated in the prior post, we should get it out of our heads that we can perfectly time the stock market over time. There are some strategies though that can help you minimize your losses and maximize your returns. One such method used by many people …

Visit the full post to hear the Podcast! People often ask me, "When is the best time to buy and sell stocks?" Usually that question is really that person's way of asking, "How do I time the stock market?" Very few people can time the market really well over time. Even the thousands upon thousands …

Visit the full post to hear the Podcast! You will more often hear people talk about how much money they make (aka, their income) than you will hear those same people talk about their net worth. These are very different things. You should focus on your personal net worth versus how much money you bring …

Visit the full post to hear the Podcast! Let's together run through a scenario to see how we can take someone through the Financial Stages. We'll call her Jane. Let's assume I met with Jane because she was feeling like she just can't get ahead with Denver's high cost of living. She is 30 years …

Are you in Stage 3: Thriving? You are in Financial Stage 3, Thriving, once you have no consumer debt and have saved your Financial Independence Fund. In this stage, you are focusing on building your net worth and being generous. You are still following your financial plan, including a budget. The biggest change is going …

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset. You will remain in this stage until you have achieved a few more financial milestones. Financial stability is …

Are you in Financial Stage 1: Surviving? The first stage of most people's financial life is surviving. At this stage you likely don't have a detailed budget or financial plan. You are most likely living paycheck to paycheck. You may have little, or no, cash in savings and you aren't investing in a way that …

Visit the full post to hear the Podcast! I believe most people that are successful with money go through four financial stages in their life. Stage 1: Surviving Stage 2: Stabilizing Stage 3: Thriving Stage 4: Overflowing The stages are not always linear. You may go back and forth between these stages throughout your existence …